Scope Ratings affirms WING’s credit rating
2025-07-09
We are pleased to share that Scope Ratings GmbH has affirmed Wingholding Zrt.’s issuer rating at B+, along with the B+ rating for our senior unsecured bond.
The affirmation reflects WING’s:
-
Strong execution of a diversified development pipeline across Germany, Poland and Hungary,
-
Improved earnings visibility and strong predictability of future cash flows, thanks to robust pre-sale and pre-letting activity,
-
Strong deal execution capability, proven by the successful asset disposals in all 3 markets (Germany, Poland and Hungary) exceeding EUR 300 million value,
-
A resilient standing investment portfolio, primarily concentrated in Budapest (64% of total GLA), contributing recurring income, supported by an overall occupancy rate of 90% and a WAULT of 5.2 years, and
-
Continued access to debt capital markets, with successful transactions completed in Hungary and Poland in H1 2025,
-
Consistent capital recycling and development discipline, with EUR 3.4 billion in total assets as of year-end 2024.
The rating also recognizes our leading position in the Central European real estate market, with diversified operations across commercial and residential segments.
You can read the full rating release here: https://scoperatings.com/ratings-and-research/rating/EN/179021
